Greenwood Housing & Community Development Inc

Analysis

Greenwood Housing & Community Development Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Greenwood Housing & Community Development Inc reported income of $440k and spending of $658k, spending 150% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $638k to $440k (-31%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenwood Housing & Community Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include NFS Ministries ($440k), Florida Resurrection House Inc ($440k) and Eden Alvarado Niles Inc ($440k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 71% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $54k (8.3% of expenses). Other salaries and wages came to $229k. At year end it held assets of $2.4m against liabilities of $286k, net assets of $2.1m. It reported 16 employees.